SK Innovation Co. is facing a 10-year ban on U.S. imports of its batteries, after losing a trade dispute with LG Chem Ltd.’s LG Energy Solution Co. last month. SK Innovation is lobbying the Biden administration to overturn the ban even as Ford Motor Co. and Volkswagen AG — which both plan to buy SK Innovation batteries — urge the companies to settle the case quickly…
“It takes multiple years for these batteries to get planned, proven, sampled, accepted by the automakers as useful and woven into their designs,” said Jay Whitacre, a Carnegie Mellon University professor who specializes in energy policy and was an expert witness for LG Energy in the ITC case. If the automakers have to change suppliers “they need to know if they need to do this as soon as possible.”
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